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Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Los Angeles Capital Management LLC

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Los Angeles Capital Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLRGet Rating) by 36.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,260 shares of the real estate investment trust’s stock after acquiring an additional 1,140 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Digital Realty Trust were worth $604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Tyler Stone Wealth Management bought a new position in Digital Realty Trust during the fourth quarter worth $25,000. Covestor Ltd bought a new position in Digital Realty Trust during the fourth quarter worth $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Digital Realty Trust during the first quarter worth $35,000. Industrial Alliance Investment Management Inc. bought a new position in Digital Realty Trust during the fourth quarter worth $39,000. Finally, GoalVest Advisory LLC bought a new position in Digital Realty Trust during the first quarter worth $51,000. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP David C. Ruberg sold 50,000 shares of Digital Realty Trust stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $137.55, for a total value of $6,877,500.00. Following the transaction, the executive vice president now owns 200,000 shares of the company’s stock, valued at approximately $27,510,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Digital Realty Trust news, EVP David C. Ruberg sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $137.55, for a total transaction of $6,877,500.00. Following the completion of the sale, the executive vice president now directly owns 200,000 shares in the company, valued at approximately $27,510,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dyer Corey sold 2,504 shares of the firm’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $137.27, for a total value of $343,724.08. Following the sale, the executive vice president now owns 11,689 shares of the company’s stock, valued at $1,604,549.03. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research analyst reports. TheStreet cut Digital Realty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, July 12th. Wells Fargo & Company raised their target price on Digital Realty Trust from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, April 25th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. Jefferies Financial Group upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $151.00 to $160.00 in a research note on Thursday, June 30th. Finally, Citigroup cut their target price on Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $164.14.

Digital Realty Trust Price Performance

NYSE:DLR opened at $131.42 on Friday. The business’s 50-day moving average price is $129.17 and its 200 day moving average price is $136.31. The firm has a market cap of $37.77 billion, a P/E ratio of 28.82, a PEG ratio of 2.78 and a beta of 0.31. Digital Realty Trust, Inc. has a 52-week low of $119.63 and a 52-week high of $178.22. The company has a quick ratio of 0.59, a current ratio of 0.55 and a debt-to-equity ratio of 0.85.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.71%. Digital Realty Trust’s dividend payout ratio is currently 107.02%.

Digital Realty Trust Profile

(Get Rating)

Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company’s global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

Further Reading

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLRGet Rating).

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)



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